The Wealth Report 2016 by Douglas Elliman & Knight Frank

We had an amazing time and met the owner of Douglas Elliman; Howard M. Lorber, CEO; Dottie Herman, Liam Bailey; Knight Frank Global Head of Research whose birthday was today as well and came all the way from London to spend it with us.

This was a great conference to keep up with what is happening with the UHNWI’s (ultra- high-net-worth individual) – who are they? someone with a net worth of over USv$30m excluding their primary residence. This report showed us how they affect the world’s economy with the way they invest and where they invest.

More details coming here soon, come back to get all the info I learned at this great conference at 1 Hotel South Beach.

Araceli Client’s Zillow Reviews…

I would like to thank my clients who have review my services in Zillow. This helps other potential clients to know what to expect with my services.

Thank you for your kind words, it was a pleasure being part of the biggest investment of your families!

Potential Clients… please call me and I’ll be happy to assist you in both the Mortgage Process and/or Real Estate Process 305-206-5144

Miami the City of the Future

Miami ranked 6th on the Knight Frank 2015 Wealth Report ahead of Geneva, Dubai, Beijing and even Berlin! The report emphasizes that Miami is perceived as a destination, place to do business and even have a second, third home to the very wealthy individuals from all over the world. Following New York, Miami is the only most important city in the US to the wealthiest of them all. Why is this a great thing to know?

Investing in Miami today will not only ensure a booming future , but will boost the local economy a hundred times over. The Port of Miami Tunnel project alone will provide over 170,000 jobs with $6.4 billion in wages and $17 billion in economic growth. Brickell CityCentre will have an economic impact of about $1 billion with 1,700 construction jobs already in place and more than 5,000 jobs once completed and is expected to add $5.4 million in ad valorem taxes to Miami-Dade County.

The future of Miami starts today as the development and excitement that is brewing in Miami runs much deeper in providing a very bright, stable and promising future for so many that will call this magic city home.

Miami has always been known for its stunning beaches, international finance and non-stop nightlife which made it the ultimate vacation spot! Today, however people from all over the globe are choosing Miami as the destination to live in terms of culture, industry, commerce, art and entertainment. The city is now being referred to as the Wall Street of the South as a result to it business and commerce reach into Latin America, the Caribbean, South America, just to name a few.

Miami is also renowned for its festivities and exhibits such as Art Basel, Santa’s Enchanted Forest in December, the Coconut Grove Arts Festival in February, we are the yacht capital of the world, boat shows, some of the biggest music festivals such as Winter Music Conference, Ultra, fitness challenged, food and wine festivals and so more are a great attraction for an an audience from all over the world.

Here are some one the Game Changing Projects that are about to make Miami a more Booming City than it already is:

082 South Florida se FINAL.indd

Skyrise Miami

Seattle has the space needle, Chicago has the John Hancock Center and SkyriseMiami is next. SkyriseMiami will be a monumental 1000 ft high observation and entertainment tower; it will include an amusement-park style rise that drops people down its side, a 550-foot bungee jump, a ballroom, moving movie theater and a nightclub.

brickell city centre logo

Brickell City Centre

This mega project will feature 5.4 million square feet of office, residential, hotel, retail and entertainment space as well as a two-level underground parking garage. It features a Climate Ribbon that will provide innovative climate control so that shoppers can walk without suffering the effects of the famous miami heat between stores and restaurant. Brickell City Centre is predicted to be an economic catalyst.

Miami-World-Center--rendering-1

Miami World Center

Miami WorldCenter is one of the largest private master-planned projects in the Unites States, featuring 1 million square feet of shopping center, hotel, convention center and luxury residences.

1000 museum

One Thousand Museum

A true masterpiece envisioned by Zaha Hadid, one of the greatest architects of our time who won the equivalent to the Nobel Prize of the Architects from all over the world: The Pritzker Architecture Prize. With its own helipad, this futuristic marvel will be the only one of its kind in the Western Hemisphere. She has only built 1 other residential building and that is in London, Miami’s One Thousand Museum is the marvelous #2!

design district

The New Miami Design District

More than 100 brands will have stores in the Miami Design District; all coming in 2015.  Not too shabby for a once abandoned cluster of warehouses, the Miami Design District is undergoing a rebirth and claiming its stake as one of the most important global design and fashion hubs showcasing the most luxurious stores such as Hermes, Louis Vuitton, Cartier, Tom Ford, Armani to name a few. This mixed-use neighborhood will blend commerce with culture ,welcoming new restaurants and will become the neighborhood of choice for luxury retailers.

port miami aerial view

Port of Miami 

By connecting SR A1A/MacArthur Causeway to Dodge Island, the project  provides direct access between the seaport and highways I-395 and I-95, create another entry to PortMiami in addition to the Port Bridge to keep  PortMiami, the community’s second largest economic generator, competitive.
Additionally, The POMT  improves traffic flow in downtown Miami by reducing the number of cargo trucks and cruise related vehicles on congested downtown streets, and aids ongoing and future development in and around downtown Miami.

panama canal

Panama Canal

Among all the port-cities scrambling to get a piece of the multi-billion expansion of the Panama Canal and prepare for the massive new ships, Miami was one of the first to receive funding and federal approvals, and has officially begun to $220 million dredge that will deepen the harbor from 42 feet to 50 feet. The dredge combines with a $2 billion infrastructure upgrade, will make Miami one of the first and only U.S ports capable of housing the larger ships, that carry two to three times the load of standard freighters.

All-Aboard-Florida-1

All Aboard Florida

Along with the Port of Miami Tunnel Project, the Al Aboard Florida which will start offering services between Miami and Orlando in 2018; will relieve much downtown congestion and improve traffic in and around the city. This upcoming high-speed rail service, will connect Miami to other Key Florida cities such as Orlando and Tampa. Miami’s ever growing diversity, international cuisine, high-end shopping and world-class entertainment is truly making Miami synonymous with cosmopolitain city living

And these are just to highlight the most important projects in the making!

Never before has a city been so ready to create its future like Miami. It is all around us: luxury and world class-living and all the other points emphasized above. The future of this city looks so awesome and bright. Home values keep increasing. The closely watched real estate index gave the greater Miami market the largest increase in November of any of the 20 metropolitan markets in track. This is the 23rd straight month of rising values. Taking a 12 month view, the Miami index grew the fastest since June 2006.

The time to invest is now! Miami is growing and blooming and booming like never before and will never be the same, we are becoming a GLOBAL SMART CITY… more details on this in upcoming blogs!

 

Miami Real Estate History Booms

By Araceli Villanueva

Miami the Global city, Miami the international city, Miami the refuge for spring-breakers, Miami has the best beaches, and the sun shines so bright! Miami is the place to be.

Miami is indeed a city of greatness! But did you know how it all started? Did you know that Miami started booming since 1896 and has not stopped since then? Sure there were some setbacks at times but none of them kept the city down for as long as everyone anticipated.

Today’s blog is a little history lesson about Miami’s historic BOOMS. Real Estate wise this is the city to invest this is THE CITY!

Below are some major  events in bullets points. This is great information that i had the opportunity to learn from the Miami New Construction Show 2015 and i must share with you.

History of real estate booms in Miami and their impact on today’s neighborhoods and municipalities

By Dr Paul George-Historian Professor

1896

  • 1896 Incorporated Miami gest incorporated by Henry Flager (he brings the train rails to connect FL to the rest of the country)
  • Tourism starts flowing to South Florida
  • National Prosperity
  • Foreign Investors
  • Extension of Everglades

1910 – 1920

  • Population boom 400% growth (1910-1920)

1914 – 1916

  • The construction of Viscaya set the stage for growth in Miami
  • Engage 10% of population workforce

1920’s HUGE BOOM

  • Huge RE boom makes Miami an emerging metropolitan

1925 (THE BOOM) late summer

  • Most talked about financial development
  • Coral Gables, Miami Beach new cities created by developpers
  • Coral gables sold about 100k in property lots
  • First suburbs
  • First skyline
  • Was put in the news for the first time
  • “Binder Boy” Professional speculators. Would sell real estate on the streets as if it was candy
  • Miami Herald had the biggest advertising section of any newspaper in the world 88 pages regularly
  • Miami Daily put out a special edition containing 504 pages
  • Lots of permits were open
  • Miami shores was created late 1924 sold about 75k in property lots
  • Federal Income Tax created to pay for the entire value of the transaction

1926

  • Hurricane sets back the boom

1930

  • Population growth

1935 (BOOM)

  • Miami Beach Art Deco buildings lots of tourism brought this part booming again after the WWII there was another boom. Many soldiers moved here after the war.
  • Especially: Miami beach, south beach, mid-beach up to 40th street
  • Miami beach was among top 10 cities In the USA who built great profits
  • Unionized workers were getting paid vacation for the first time

1940’s

  • Florida grew by 72%
  • Greater Miami population growth by 87%
  • RE Boom
  • Explosive growth of suburbs
  • Hotel Constructions: Fontaine Blue
  • FPL was created in 1946 in Miami

1950’s BOOM

1980’s

  • Brickell was created (it used to be a residential (houses) neighborhood)
  • For the 1st time foreign national money was very important to develop Miami

2002 BOOM

  • Speculative more than any other area and time in the real estate history
  • Easy lending guidelines
  • Foreign national buyers
  • Downtown Miami has the 3rd most dense skyline after NYC and Chicago

2011 BOOM

  • Foreign Nationals buying all condo’s
  • Miami River revival
  • Little Havana
  • Wynwood
  • Design District
  • Revitalization of the old neighborhoods 3-4 years ago
  • An article at the Miami Herald said:
    • Miami is more of an international city now than ever before

Longest & Shortest booms in Miami

  • Longest boom 1946-1958
  • Shortest boom: Art Deco boom
  • Also the 2007-2011 is really short

I truly hope that this little history lesson not only was informative but also opened up your eyes about the many investing opportunities that the city of Miami offers as it is constantly BOOMING, and evolving non-stop.